Income Tax
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ITAT Upholds Section 10(35) Exemption for Venture Capital Fund Mutual Fund Income
ITAT Mumbai Upholds Quashing of Reassessment for Non-Supply of Reasons Under Section 148
ITAT Dismisses Revenue Appeal on Section 244A Refund Adjustment Method
AO Cannot Force NAV Method Over DCF Chosen by Assessee Under Rule 11UA
ITAT Deletes Addition on Voluntary Retirement Receipt Under Pfizer Employee Scheme
Madras HC Deletes Section 271B Penalty for Delayed Tax Audit Report Filing
Delhi HC Upholds Section 143(2) Notice Without Disclosure of Scrutiny Reasons
ITAT Invalidates Assessment as Section 143(2) Notice Was Not Issued in CBDT Format
Delhi ITAT Deletes Section 68 Addition on Penny Stock Losses; Suspicion Cannot Replace Evidence
Allotment Letter Constitutes Agreement for Section 56(2)(x): Delhi ITAT
Delhi ITAT Deletes Section 68 Addition as Loan Was Paid Directly to Government
CESTAT Allows CENVAT Credit on Capital Goods Used in Works Contract Installation
Delhi ITAT Invalidates Reassessment Beyond 3 Years as Escaped Income Was Below ₹50 Lakh
Section 158BD Additions Cannot Rest on Assumptions Without Search Evidence: SC
Latest Income Tax News
Income tax is the part of your income which you are required to pay to the Indian government for funding various infrastructural developments, pay salaries to those who are employed by the central or the state governments, etc. All the taxes which are imposed are based on law, and the law which governs provisions about taxes on income is the Income Tax Act, 1961.
Income tax needs to be paid by each and every individual, Hindu Undivided Family, Association of Persons, Body of Individuals, companies, corporate firms, local authorities and every artificial juridical person generating any income based on the income tax slab rates.
Income tax might seem to be a tedious tax for most us, and it has a lot to do with the fact it involves a lot of nitty-gritty and details while calculating and in paying income tax. However, if you need a clear picture about income tax which is simple and easy to understand then you are at the right place.
Get all the latest news on income tax with Taxguru. We will offer you all the insight and details about all the updates and trending news on income tax. Get a comprehensive coverage of income tax-related news and regular updates on income tax circulars.
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Find all the latest developments and amendments to the Income Tax Act. Get to know all the tips and tricks on how to save income tax and develop your own income tax planning work plan. We keep updating our portal regularly so that you don’t miss out on anything.
